Geodrill Limited (OTCMKTS:GEODF) Short Interest Down 44.0% in July

Geodrill Limited (OTCMKTS:GEODFGet Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 13,203 shares, a drop of 44.0% from the July 15th total of 23,580 shares. Based on an average daily volume of 20,740 shares, the days-to-cover ratio is currently 0.6 days.

Geodrill Stock Performance

Shares of GEODF traded down $0.01 during trading hours on Tuesday, reaching $1.81. The company had a trading volume of 3,998 shares, compared to its average volume of 21,521. The firm has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $2.18. Geodrill has a 12-month low of $1.65 and a 12-month high of $3.14.

About Geodrill

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Geodrill Limited is a Ghana-based contract drilling services company catering to mineral exploration and resource development projects in West and Central Africa. The company offers a full suite of drilling solutions, including reverse circulation, diamond core, percussion and wireline logging methods. These capabilities enable Geodrill to generate critical data on mineralisation attributes such as grade, continuity and structural orientation for its mining industry clients.

Established in 2004 and headquartered in Accra, Geodrill has developed operations across multiple jurisdictions, including Burkina Faso, Mali, Côte d’Ivoire, Guinea and the Democratic Republic of Congo.

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